SARASOTA, FLORIDA, November 9th, 2016 – Schroeder-Manatee Ranch (SMR) got all bases covered in its 2016 Lakewood Ranch Tour of Homes with this annual showcase of the master development’s communities underway featuring over 50 home models at wide-ranging price points.
The event, which SMR officially kicked off October 20, is slated to run till November 21 and has helped drive optimism on the local real estate market further. Notably, this year’s Lakewood Ranch tour came auspiciously on the heels of an uptick in total home sales and prices in the Sarasota‒Manatee metropolitan statistical area.
Sales gains of 1.8 percent and 2.5 percent were registered for August and September, respectively, in the MSA. As encouraging, the advance in the area’s median home prices were moderate in September, rising by 8 percent to $259,200 for single family homes and by 4.4 percent to $188,000 for condos.
A 19.8 percent bump in September inventory should help temper further price increases as well as widen buying choices on homes for sale in Sarasota and Manatee in the upcoming season. In Lakewood Ranch, the Tour of Homes not only brought market attention to new models but also encouraged new listing of pre-owned existing homes at varying price levels.
Leading up to the home tour, some 90 residences were sales-listed in this SMR master development including some of the models featured in the annual open-house showcase. These new listings also included a good number of affordably priced existing residences. One of these is a two-bedroom townhouse at Greenbrook Walk with a floor area of 1,185 square feet and priced around the mid-$100s.
For new townhouses priced staring in the upper $100s, Lennar Homes has entered in the tour some of its pre-construction units at the Lakewood National Terraces. The models here feature two bedrooms and a den within floor areas of between 1,107 square feet and 1,284 square feet.
Other affordable options for townhomes got the spotlight in the tour in the Vercelli Garden Condos of Taylor Morrison at its Esplanade Golf & Country Club in Lakewood Ranch. Vercelli units are priced starting at the low $200s for two-bedroom condos within a floor area of 1,616 square feet.
Moving to high-end choices, Homes by Towne offered in the Lakewood Ranch tour a preview to its luxury condos at Waterfront at Main Street. Rising adjacent to Lake Uihlein, this condominium is planned for three separate buildings with a total of 76 residences having floor areas ranging from 1,337 to 2,827 square feet. Their pricing starts at $370,000 which levels up to $939,000 for penthouse units
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Buyers focused on single family homes in the Lakewood Ranch tour have Lakewood National as one exciting destination. Besides its Terraces condos here, Lennar has stepped up marketing for this golf community’s estate homes which range in price from the $500s to the $600s and feature floor plans of between 2,394 and 3,800 square feet.
Besides these models, the exclusive homes in Country Club East and Lake Club Village were likewise part of the home tour’s showcase.
One prime selection amongst these is a $1.85-million residence built by Murray Homes in Lake Club’s Staysail Court neighborhood. Designed with three bedrooms, it has a floor area of nearly 4,000 square feet and comes in a British West Indies architectural style that stands out in the Lakewood Ranch home tour this year.
SARASOTA, FLORIDA, October 7, 2019 – Property values of communities in the Sarasota-Manatee region now face lesser threat from neighborhood eyesores brought about by abandoned, foreclosed homes. Known in the real estate trade as zombie foreclosures, these properties have shrunk significantly in the region. According to an August report of ATTOM Data Solutions, abandoned […] more>>